# Saudi-Backed LIV Golf, After Five Years of Trying to Challenge PGA Tour, Is Shutting Down

- URL: https://talkfuse.com/story/saudi-backed-liv-golf-after-five-years-of-trying-to-challenge-pga-tour-is-shutting-down/
- Published: 2026-11-05T18:42:03+00:00
- Updated: 2026-11-05T19:41:39+00:00
- Original publisher: Variety
- Original article: https://variety.com/2026/tv/news/liv-golf-shutting-down-1236940535/
- Topics: Business, Companies, Middle East, World

## Key points

- LIV Golf plans to wind down after investor talks failed.
- Saudi Arabia’s fund had invested more than $5 billion.
- A proposed $300 million deal with BC Partners fell through.

## Summary

LIV Golf plans to shut down and liquidate its assets after failing to agree terms with a prospective investor on a bankruptcy reorganisation. The decision threatens the future of the Saudi-backed league, which launched in 2021 to challenge the PGA Tour and attracted prominent golfers with a new global competition.

Saudi Arabia’s Public Investment Fund invested more than $5 billion before ending its funding in April 2026. LIV then pursued a deal with BC Partners Credit, which had proposed a $300 million investment, but the parties could not settle outstanding terms. The league says it will consider other ways to maximise value; its 14-event schedule had been shown live in the US by Fox Sports under a multiyear agreement announced in 2025.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.